#Nicaragua 🇳🇮 #BDS_LaborAlert: Minimum wages to increase starting March
On February 29, 2024, the National Minimum Wage Commission (NMWC) reached consensus for setting a...
For the year 2025, the minimum wages of Honduran workers will undergo a new adjustment pursuant to Executive Agreement No. SETRASS-109-2024, published in Official Gazette No. 36491 on March 21, 2024.
This Agreement formalizes the adjustment to wages negotiated by the Commission for Setting Minimum Wage Adjustments, aiming to improve workers' living conditions in line with the country's economic reality. It also seeks to enhance national competitiveness to achieve higher levels of economic growth and a sustainable increase in formal employment.
The adjustment percentages for minimum wages based on the number of employees are outlined in the following table:
|
Minimum Wages Percentage Adjustment Table |
||
|
Categories |
2025 |
Average wage |
|
From 1 to 10 workers |
5.5% |
L 12,191.7 |
|
From 11 to 50 workers |
5.5% |
L 12,636.5 |
|
From 51 to 150 workers |
6,5% |
L 14,933.5 |
|
From 151 workers and above |
7% |
L 12,910.9 |
The COHEP, acting as representative of the business and employer sector in the country, reaffirms its support for these adjustments and calls on companies to comply with the established agreement according to their economic activities, worker strata, and the specified amounts.
Please do not hesitate to contact us if you have any questions or need assistance regarding the implementation of these adjustments.
